Q1) A study was recently done in which 500 people were asked to point out their choices for one of three products. Following table illustrates the breakdown of responses by gender of the respondents.
|
Product Preference
|
|
Gender
|
A
|
B
|
C
|
|
Male
|
80
|
20
|
10
|
|
Female
|
200
|
70
|
120
|
Based on data, probability that person in population will favour product A can be assessed as: i) 0.18
ii) 0.56
iii) 0.286
iv) 0.16
Q2) Suppose that standard deck of 52 playing cards is randomly shuffled and first 2 cards are dealt to you. Find out the probability that you have blackjack? Blackjack is where one card is an ace and other card is worth 10 points. 10 point cards are Kings, Queens, Jacks and 10's.